MIRA
INFORM REPORT
|
Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MOON STONE SISTERS |
|
|
|
|
Registered Office : |
Wakabanishi Bldg 7F, 1-10-10 Ebisu-Nishi Shibuyaku Tokyo 150-0021 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.07.2012 |
|
|
|
|
Date of Incorporation : |
August 1999 |
|
|
|
|
Com. Reg. No.: |
0110-03-000846 (Tokyo-Shibuya) |
|
|
|
|
Legal Form : |
Limited Partnership (Goshi Kaisha) |
|
|
|
|
Line of Business : |
Import, wholesale, retail of clothing & clothing accessories |
|
|
|
|
No. of Employees : |
12 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
JAPAN - ECONOMIC OVERVIEW
In the years following World War II, government-industry
cooperation, a strong work ethic, mastery of high technology, and a
comparatively small defense allocation (1% of GDP) helped Japan develop a
technologically advanced economy. Two notable characteristics of the post-war
economy were the close interlocking structures of manufacturers, suppliers, and
distributors, known as keiretsu, and the guarantee of lifetime employment for a
substantial portion of the urban labor force. Both features are now eroding
under the dual pressures of global competition and domestic demographic change.
Japan's industrial sector is heavily dependent on imported raw materials and
fuels. A small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on restructuring
the economy and reining in Japan's huge government debt, which exceeds 200% of
GDP. Persistent deflation, reliance on exports to drive growth, and an aging
and shrinking population are other major long-term challenges for the economy
Source
: CIA
Company name and address
MOON STONE SISTERS
REGD NAME: GD
Moon Stone Sisters
MAIN OFFICE: Wakabanishi
Bldg 7F, 1-10-10 Ebisu-Nishi Shibuyaku Tokyo 150-0021 JAPAN
Tel:
03-5459-6408 Fax: 03-5459-6409
URL: http://www.moonstonesisters.net
E-Mail address: mss@moonstonessisters.net
ACTIVITIES
Import, wholesale,
retail of clothing & clothing accessories
BRANCHES
Tokyo, Osaka
(in-shops at Takashimaya Department Store)
OFFICERS
TOMOKO YAMATE,
PRES
Tokiko Fujii, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 196 M
PAYMENTS SLOW
BUT CORRECT CAPITAL Yen - - -
TREND SLOW WORTH Yen
64 M
STARTED 1999 EMPLOYES 12
COMMENT
TRADING FIRM SPECIALIZING IN CLOTHING AND ACCESSORIES.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGGEMENTS.
HIGHLIGHTS
The subject company was
established by Tomoko Yamate in order to make most of her experience in the
subject line of business. This is a
trading firm for import, wholesale and retail of clothing &
accessories. Goods are imported mainly
from India. The firm operates a
subsidiary, Kashgar Design Ltd, a trading firm for import of these goods. 90% of the goods are imported from
India. Operates two in-shops at
Takashimaya Department Stores in Tokyo & Osaka. Goods are also sold online.
FINANCIAL INFORMATION
Financials are only
partially disclosed.
The sales volume for Jul/2012 fiscal term
amounted to Yen 196 million, a 27% down from Yen 270 million in the previous
term. This is referred to the separation
of retailing operations to subsidiaries.
The consumer spending was sluggish.
High Yen hurt import revenues in Yen terms. The net profit was posted at Yen 1 million,
compared with 7 million a year ago.
For the current term
ending Jul 2013 the net profit is projected at Yen 3 million, on a 2% rise in
turnover, to Yen 200 million.
The financial situation
is considered RTHER WEAK but should be good for MODERATE business
engagements.
REGISTRATION
Date Registered: Aug
1999
Regd No.:
0110-03-000846 (Tokyo-Shibuya)
Legal Status: Limited Partnership (Goshi Kaisha)
Net Worth: Yen 64 million
Major
shareholders (%): Partners (Tomoko Yamate & Tokiko Fujii)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports,
wholesales and retails clothing & accessories (--100%)
(Handling
Brand): “PASHA” brand of SAS International (India)
Clients: [Department
stores, makers, wholesalers] Mitsukoshi Isetan Dept, Sanyo Shokai Ltd, United
Arrows, Takashimaya, Mitsui Bussan Inter-Fashion, Etoile-Kaito, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from India (90%), other
Domestically: Yamate Dress Co, Cosmo
Trading, other
Payment record: Slow but correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
Mizuho Bank
(Nakameguro)
MUFG (Meguro)
Relations:
Satisfactory
FINANCES
(In Million
Yen)
|
Terms Ending: |
|
31/07/2013 |
31/07/2012 |
31/07/2011 |
31/07/2010 |
|
Annual
Sales |
|
200 |
196 |
270 |
257 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
3 |
1 |
7 |
7 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
64 |
63 |
56 |
|
Capital,
Paid-Up |
|
|
|
|
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.04 |
-27.41 |
5.06 |
1.98 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
1.50 |
0.51 |
2.59 |
2.72 |
|
Notes: Financials are only partially disclosed. This is a limited partnership company and no
capitals are paid-in.
Forecast (or
estimated) figures for the 31/07/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.41 |
|
|
1 |
Rs.90.38 |
|
Euro |
1 |
Rs.77.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.